Nine and Seven Announce Major Job Cuts
Nine and Seven Announce Major Job Cuts
Nine and Seven Announce Major Job Cuts
News summary

Nine Entertainment is cutting 200 jobs due to economic challenges, including up to 90 positions at legacy mastheads like the Sydney Morning Herald, the Age, and the Australian Financial Review. The decision follows Meta's termination of multimillion-dollar content deals and is part of a broader trend affecting Australian media companies, with Seven West Media also announcing 150 job cuts. Notable layoffs include popular weatherman Paul Burt and several high-ranking executives at Seven West Media. These cuts are intended to offset revenue losses and continue the growth of digital subscriptions and high-quality journalism. Both companies are facing significant restructuring to adapt to changing economic conditions and advertising markets.

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